HSBC PB raises RMB forecast to 6.75

21 March 2019 | 1 minute read

HSBC Private Banking has upgraded its end-2019 RMB forecast to 6.75 from 6.95 against the USD, given a better economic outlook for both Asia and China and the likely de-escalation of trade tensions. “Taking into account the larger-than-expected RMB 2 trillion tax cut and fee reduction announced at the NPC and the likely US-China trade deal with potential tariff removal,…

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